Moody’s Raises Outlook for PTT Chemical

Moody’s Investors Service says it has changed the outlook for PTT Chemical’s (Bangkok) Baa3 issuer rating and senior unsecured rating from negative to stable. “The outlook revision reflects Moody’s expectation that PTT Chemical will maintain a steady financial profile over the next 12-18 months compared to 2009,” says Renee Lam, v.p. and senior analyst at Moody’s. “While new olefins production capacity in Asia and Mideast is likely to continue pressuring product spreads and therefore squeeze profitability, the company's...

This information is only available to Chemical Week subscribers.

Forgot your user ID or password?
Click here to have it sent to you.

Email Address First Name Last Name

Not an IHS Chemical Week 24/7 member yet? Here's why you should be: Searchable online archive access of the last 2 years of Chemical Week. Print or digital magazine subscription Price and market change alerts Economic data and statistics Buyers' Guides Webcasts | whitepapers